What are the reporting obligations for cryptocurrency advisers under Advisers Act Rule 204-2?

3 answers

• Diego GrecoDec 19, 2024 · 8 months ago
  As a cryptocurrency adviser, you have reporting obligations under Advisers Act Rule 204-2. This rule requires you to maintain accurate and up-to-date records of your business activities, including client information, investment strategies, and performance results. You must also provide regular reports to your clients, disclosing any material changes or updates to your services. Compliance with this rule is essential to ensure transparency and protect the interests of your clients.
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• Bence TóthAug 09, 2020 · 5 years ago
  Cryptocurrency advisers are required to comply with reporting obligations under Advisers Act Rule 204-2. This includes maintaining records of their business activities, investment strategies, and client information. They must also provide regular reports to their clients, disclosing any material changes or updates to their services. By fulfilling these obligations, cryptocurrency advisers can demonstrate their commitment to transparency and accountability in the industry.
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• sunnyxyxMay 03, 2021 · 4 years ago
  Under Advisers Act Rule 204-2, cryptocurrency advisers have reporting obligations that they must fulfill. These obligations include keeping accurate records of their business activities, investment strategies, and client information. They are also required to provide regular reports to their clients, informing them of any material changes or updates to their services. Failure to comply with these reporting obligations can result in penalties and damage to the adviser's reputation. Therefore, it is crucial for cryptocurrency advisers to prioritize compliance and ensure they meet the requirements set forth by the rule.
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